Aeacus Lawyers

On 31 December 2025, an important snapshot moment for crypto-assets is expected to apply in the context of the new Belgian capital gains tax. Although the legislation has not yet been definitively adopted at the time of writing, the preparatory parliamentary works indicate that this date will retroactively function as the reference price (the so-called “snapshot moment”) for existing crypto positions, making it advisable to already gather the necessary documentation and valuation data. We...

Buying Crypto in Belgium: On-Chain, via an Exchange or via a Bank (Bolero) – Does It Make a Tax Difference? On 16 February 2026, Bolero became the first Belgian bank to launch a platform allowing retail investors to invest directly in crypto-assets, currently limited to bitcoin (BTC) and ether (ETH). This launch fits within a broader European trend: crypto is increasingly being offered through traditional banks and within a clearer regulatory and supervisory framework. Following this launch,...

Our phone has been ringing off the hook this week. Many investors have asked us for clarification on the 2024 Annual Report of the Belgian Ruling Service (DVB). It states that as soon as an investor manages even a few coins in a speculative way, all capital gains on the entire crypto portfolio would become taxable as “miscellaneous income.” This is an extremely strict position and, in our view, legally unsustainable. What does the Belgian Ruling Service say in its annual report about mixed...